Corporate News     30-Oct-09
Anik Industries issues warrants
On preferential basis
The board of Anik Industries has considered issue of 1,22,46,514 warrants (each warrant being convertible into one equity share of Rs. 10) at a price of Rs. 44.25 per warrant, on preferential basis to Promoters, their relatives, associates and other persons / entities.

The board has called an extra-ordinary general meeting on 13 November 2009 for taking the approval of shareholders for the aforesaid special businesses in accordance with the provisions of the Companies Act, 1956.

This was approved at the board meeting held on 16 October 2009.

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